NANO Looks to Move Back to 11000! (275% Potential!)
is in one of the strongest positions for a massive bull run of any of the coins I've looked at. Currently sitting over 80% from ATH 1.15% (92% down in USD value), NANO 2.04% has been slowly compressing into a HUGE falling wedge . MACD shows strong upward divergence since its last bottom in April, despite being an additional 50% down. MACD made a double bottom and is now showing bullish divergence on this last drop, creating a nice uptrend that should soon be realized by a massive move up. The ADX/DMI indicator has also crossed into the buy zone, crossing in May and getting rejected in June. Also, the daily chart has found support above the UMA, which you can see has served as strong resistance since May. NANO 2.04% is a coin with extremely strong fundamentals; in my opinion, its one of the best candidates for consumer adoption as digital cash since it is instant, easy to use, and fee-less. At the price of $2.75, NANO 2.04% is extremely undervalued but will likely be back to its ATH 1.15% of almost $35 in the next year (a 1275% increase).
Now, my trade setup:
Enter below 4200 satoshis.
Stop Loss: 50% below 3400 and 50% below the falling wedge at 2500, or if BTC -0.10% turns long term bear (only scenario I can think of where it falls to sub 2500.)
Targets are 5000, 7000, 8000, 9500, 11000 (Big One), 13000, 17000, 18600
Ext. Targets are 22000 and 26000
This is a long term trade, likely a year or more.
Remember, this is only my opinion and is not a guarantee. You are responsible for what you do with your money, not me.
Be sure to like and follow if you found this helpful. Comment any questions or countering TA.
Now, my trade setup:
Enter below 4200 satoshis.
Stop Loss: 50% below 3400 and 50% below the falling wedge at 2500, or if BTC -0.10% turns long term bear (only scenario I can think of where it falls to sub 2500.)
Targets are 5000, 7000, 8000, 9500, 11000 (Big One), 13000, 17000, 18600
Ext. Targets are 22000 and 26000
This is a long term trade, likely a year or more.
Remember, this is only my opinion and is not a guarantee. You are responsible for what you do with your money, not me.
Be sure to like and follow if you found this helpful. Comment any questions or countering TA.
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